Information  X 
Enter a valid email address

Brunner Investment (BUT)

  Print          Annual reports

Tuesday 11 May, 2021

Brunner Investment

Edison issues review on Brunner Investment Trust

RNS Number : 1327Y
Brunner Investment Trust PLC
11 May 2021


London, UK, 11 May 2021


Edison issues review on The Brunner Investment Trust (BUT)

The Brunner Investment Trust (BUT) is managed by Matthew Tillett at Allianz Global Investors (AllianzGI), along with deputy managers Christian Schneider and Marcus Morris-Eyton. Tillett is confident that the trust's shares can trade at a narrower discount to NAV following the exit of a major shareholder, which had acted as an overhang since 2016. He suggests that 'now is a great opportunity to buy a solid reliable trust that has delivered good performance over the long term'. The manager says that BUT has a 'philosophy and process that is tried and tested' with the fund offering investors 'high quality, large, liquid companies at attractive valuations'. He believes that the trust is well positioned to benefit in an environment where investors place a greater emphasis on the quality and strength of company fundamentals.


BUT offers a balanced portfolio of high-quality, global equities with the prospects of both capital appreciation and income growth. The trust has a long-term record of outperformance - its NAV total returns are ahead of those of the composite benchmark over the last one, three, five and 10 years - and has generated absolute annualised double-digit NAV and share price total returns over the last decade. BUT could appeal to income-focused investors. It is one of the UK investment trusts with a very long-term record of dividend growth and has paid a higher annual distribution in each of the last 49 consecutive years. AllianzGI has a well-defined investment approach, with stocks selected on a bottom-up basis based on three pillars of quality, growth and valuation, and an assessment of a company's environmental, social and governance (ESG) credentials is an integral part of the process.

Click here to view the full report.


All reports published by Edison are available to download free of charge from its website

About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority .

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Mel Jenner +44 (0)20 3077 5720 [email protected]

Sarah Godfrey +44 (0)20 3681 2519 [email protected]

Learn more at and connect with Edison on: 




This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t